Latest update April 23rd, 2024 12:59 AM
Mar 03, 2016 News
The lines were lengthy at the Central Planning and Housing Authority (CH&PA) headquarters yesterday, as house lot applicants turned up in their hundreds to get in on the 50/50 payment plan.
Earlier this week, the Minister responsible for Housing within the Ministry of Communities, Valerie Adams-Patterson, announced that under the plan, persons who would have completed paying half of the cost of their house lots by May 1, will be given a 50 percent discount on the balance.
She explained, “If you have an allocation for a house lot for $1M and by the May 1, you would have completed paying $500,000 (which is 50 percent,) then you have 50 percent on the remaining balance of 500,000. So you now have a discount on the balance of $250,000, but the balance, must be paid by the end of May,”
The payment plan is also applicable to the beneficiaries of turnkey homes, with regards to the cost of the house lot, not the homes, she explained. A house lot for a turnkey home costs $500,000.
Also in commemoration of Guyana’s 50th Anniversary, the CH&PA will give 50 persons, $300,000 as a subsidy. The beneficiaries of these grants must be living within one of the Government’s housing schemes, and the subsidy is to be used to implement home repairs.
The Minister explained that the beneficiaries will be randomly selected during a public exercise in each region.
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